Latin America Received Nearly $415 Billion in Cryptocurrency in 12 Months
Cryptocurrency usage in Latin America is growing rapidly, making it the second region with the highest global growth rate, up 42.5%.
Crypto adoption in Latin America is on the rise, according to an analysis by the Chainalysis team. Between July 2023 and June 2024, the region moved nearly $415 billion in cryptocurrencies, with Argentina, Brazil, and Venezuela standing out. The study shows how crypto assets, especially stablecoins, are being used to combat inflation and facilitate international transactions, highlighting the growing role of digital technology in the region's economic landscape.
Latin America is the fifth-largest region the team studied, accounting for 9.1% of the value of cryptocurrencies received between July 2023 and June 2024. During this period, the region received nearly $415 billion in cryptocurrencies, placing it slightly above East Asia.
